Multi-Jurisdictional Deed for the Transfer of Water · PDF fileMulti-Jurisdictional Deed for...

Multi-Jurisdictional Deed for the Transfer of Water Rights (Proponent) Commonwealth Reference (WEPS [insert contract number])

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Transaction Details

1. Transferor’s Water Rights

1.1 Water Right Reference:

1.2 Total Volume:

1.3 Agreed Volume:

1.4 Water Authority:

1.5 State:

2. Parties

2.1 Transferor

(a) Name:

(b) Australian Business Number

(c) Address:

(d) Telephone number:

(e) Facsimile number:

(f) E-mail address:

2.2 Transferor’s Solicitor

(a) Name:

(b) Attention:

(c) Address:



(f) E-mail address:

2.3 Transferor’s Broker

(a) Name:

(b) Attention:


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(c) Address:



(f) E-mail address:

2.4 Commonwealth’s Solicitor

(a) Name:

(b) Attention:

(c) Address:



(f) E-mail address:

3. Deed

3.1 Deed Date:

3.2 Condition Date:

3.3 Place for Settlement:

3.4 Agreed Value:

3.5 Commonwealth’s Confidential Information:

3.6 Transferor’s Confidential Information:

3.7 Period of Confidentiality:

3.8 Infrastructure Program Delivery Partner:


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Table of Contents

Transaction Details 1

1. Definitions and interpretation 4

2. Transfer 11

3. Subdivision 11

4. Application 12

5. Trade limitations 13

6. Condition 14

7. Period before Settlement 15

8. Outgoings, fees and charges 15

9. Settlement adjustment sheet 15

10. Settlement 16

11. Water allocation 17

12. Payments 17

13. Warranties 17

14. Confidentiality 18

15. Privacy 19

16. Books and records 20

17. Audit and access 20

18. Goods and services tax 21

19. General 22

Schedule 1 – Warranties 26

Execution page 29


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Details

Parties

1. Commonwealth of Australia represented by the Department of the Environment ABN 34 190 894 983 of John Gorton Building, Environment Entrance, King Edward Terrace, Parkes ACT 2600, Australia (Commonwealth).

2. The person named in item 2.1(a) of the Transaction Details of the address specified in item 2.1(c) of the Transaction Details (Transferor).

Introduction

[SHORT OPTION]

A. The Transferor owns the Transferor’s Water Rights.

B. The Transferor has agreed to transfer and the Commonwealth has agreed to accept the Agreed Volume on the terms of this Deed.

[LONG OPTION]

C. The Commonwealth and the Infrastructure Program Delivery Partner are parties to a funding agreement under the [insert program name] (the Funding Agreement).

D. The terms of the Funding Agreement contemplate that certain eligible projects will be completed and that the Transferor will Transfer a volume of Water Rights to the Commonwealth.

E. The Transferor owns the Transferor’s Water Rights.

F. The Transferor has agreed to transfer and the Commonwealth has agreed to accept the Agreed Volume on the terms of this Deed.

G. The Water Rights Transferred to the Commonwealth under this Deed will become part of the Commonwealth Environmental Water Holdings to be managed for the purpose of protecting and restoring Australia’s environmental assets.

Agreed terms

1. Definitions and interpretation

1.1 Definitions

In this Deed, the following words have these meanings unless the contrary intention appears:

(a) Agreed Value means the amount (if any) specified in item 3.4 of the Transaction Details;

(b) Applicable Rules means:

(i) any statute, rule, regulation, proclamation, order in council, ordinance, order or by-law whether Commonwealth, State, Territorial or local;

(ii) any notice, order or direction received from, or given by, any Government Agency; or

(iii) any contract,


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affecting Water Rights, and includes:

(iv) the Water Act 2007 (Cth);

(v) if the Relevant State is:

(A) New South Wales, the Water Management Act 2000 (NSW);

(B) Victoria, the Water Act 1989 (Vic);

(C) Queensland, the Water Act 2000 (Qld);

(D) South Australia, the Natural Resources Management Act 2004 (SA);

(vi) the Memorandum of Understanding between the Commonwealth and New South Wales dated 23 September 2009;

(vii) any water sharing rules, water sharing plan, water resource plan or resource operations plan;

(viii) if the Water Authority is an Irrigation Infrastructure Operator, the Water Authority’s procedures for the Transformation of Irrigation Rights (including procedures for applying for Transformation); and

(ix) any contract between the Water Authority and the Transferor in relation to the Transferor’s Water Rights;

(c) Application means all documents necessary for the Water Authority to Approve the Transfer of the Agreed Volume and includes:

(i) an Application Form;

(ii) all documents specified in the Application Form; and

(iii) all documents required under the Applicable Rules,

in each case, completed in proper form and duly executed;

(d) Application Form means a form in relation to the Transfer of the Agreed Volume;

(e) Approve means issue a document evidencing approval and includes:

(i) if the Relevant State is Queensland and the Transferor’s Water Rights are Supplemented, a “ROP13 – Notice of existence of water supply contract” in respect of the Commonwealth; or

(ii) a dealing certificate;

(f) Authorisation includes:

(i) any consent, registration, filing, agreement, notarisation, certificate, licence, approval, permit, authority or exemption from, by or with a Government Agency; and

(ii) in relation to any thing which may be proscribed or restricted in whole or in part by law or otherwise if a Government Agency intervenes or acts in any way within a specified period after lodgement, registration or other notification of any thing, the expiration of that period without the intervention or action by that Government Agency;

(g) Business Day means a day that is not a Saturday, Sunday or any other day which is a public holiday or a bank holiday in the place where an act is to be performed or a payment is to be made;

(h) Claim includes, in relation to a person, a demand, claim, action or proceeding made or brought by or against the person, however arising and whether present, unascertained, immediate, future or contingent;

(i) Commonwealth’s Confidential Information means the confidential information specified in item 3.5 of the Transaction Details;


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(j) Condition means that the Application is Approved:

(i) unconditionally; or

(ii) on conditions acceptable to the Commonwealth,

by the Water Authority or State Authority, as the case requires;

(k) Condition Date means:

(i) the date specified in item 3.2 of the Transaction Details;

(ii) if clause 5.3 applies, the date determined in accordance with that clause; or

(iii) any other date agreed by the Commonwealth and the Transferor;

(l) Deed means this document, including any schedule or annexure to it and the Transaction Details;

(m) Deed Date means the date specified in item 3.1 of the Transaction Details;

(n) DEWNR means the South Australian Department of Environment, Water and Natural Resources;

(o) DNRM means the Queensland Department of Natural Resources and Mines;

(p) Division means a division of a “water share” under section 33Y of the Water Act 1989 (Vic);

(q) Encumbrance means in relation to any property:

(i) a mortgage, charge, encumbrance, pledge, lien or other security over the property;

(ii) a lease, licence, term transfer or transfer for a period of any right, title or interest in respect of the property;

(iii) any administrative advice stating that a distribution operations licence granted under Division 3 of Part 4 of Chapter 2 of the Water Act 2000 (Qld) applies;

(iv) a caveat, garnishee order, writ of execution, right of set-off, assignment of income or monetary claim affecting the property;

(v) a preferential interest, trust, title retention, or other estate, interest, claim or arrangement affecting the property;

(vi) a contract of sale or option to purchase or acquire the property; or

(vii) an agreement to grant, create, allow or register any of these,

including Encumbrances which are registered or unregistered, statutory, legal or equitable;

(r) Government Agency means any government and any governmental body, whether:

(i) legislative, judicial or administrative;

(ii) a department, commission, authority, instrumentality, tribunal, agency or entity; or

(iii) Commonwealth, State, Territorial or local;

(s) GST means GST as defined in the GST Act;

(t) GST Act means the A New Tax System (Goods and Services Tax) Act 1999 (Cth);


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(u) Infrastructure Program Delivery Partner means the person (if any) specified in item 3.8 of the Transaction Details;

(v) Irrigation Infrastructure Operator has the meaning given to that term in the Water Act 2007 (Cth);

(w) Irrigation Right has the meaning given to that term in the Water Act 2007 (Cth);

(x) Loss includes any damage, loss, cost, liability or expense of any kind and however arising (including as a result of any Claim), including penalties, fines and interest and including any that are prospective or contingent and any amounts which for the time being are not ascertained or ascertainable;

(y) ML means megalitre (one million litres);

(z) Notice means a communication in connection with this Deed, including a notice, consent, request, waiver or demand;

(aa) NOW means the New South Wales Office of Water;

(bb) Personal Information means information or an opinion (including information or an opinion forming part of a database), whether true or not and whether recorded in a material form or not, about an individual whose identity is apparent, or can reasonably be ascertained, from the information or opinion, being the meaning given to that term in the Privacy Act 1988 (Cth);

(cc) Place for Settlement means:

(i) the place specified in item 3.3 of the Transaction Details; or

(ii) any other place agreed by the Commonwealth and the Transferor;

(dd) Program Application Form means the program application form submitted by the Infrastructure Program Delivery Partner in respect of the Agreed Volume the subject of this Deed;

(ee) Registrar means:

(i) if the Relevant State is New South Wales:

(A) subject to clause 1.1(ee)(i)(B), New South Wales Land and Property Information; or

(B) if the Water Authority is an Irrigation Infrastructure Operator and the Commonwealth has elected not to Transform, the Water Authority;

(ii) if the Relevant State is Victoria, the “Registrar” as defined under the Water Act 1989 (Vic); or

(iii) if the Relevant State is Queensland, the “registrar” as defined under the Water Act 2000 (Qld);

(iv) if the Relevant State is South Australia, DEWNR;

(ff) Release means a document required to remove any Encumbrance in respect of the Agreed Volume, including:


(A) if the Water Authority is NOW, a “Discharge of Mortgage (Security Interest)” and a written consent on letterhead from the holder of the Encumbrance; and

(B) if the Water Authority is an Irrigation Infrastructure Operator, a document reasonably required by the Water Authority, including, if required, any certificate evidencing the Transferor’s Water Rights;

(ii) if the Relevant State is Victoria, a “Discharge of Mortgage of Water Share”,

(iii) if the Relevant State is Queensland:


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(A) a “Form 3 – Release of Mortgage”; and

(B) a “Form W2F079 – Notice to chief executive satisfaction of obligation to distribution operations licence holder”,

but does not include any cheque in favour of the Water Authority in respect of any fee for the removal of any Encumbrance;

(gg) Relevant State means the State specified in item 1.5 of the Transaction Details;

(hh) Representatives means officers, employees, agents, professional advisers or subcontractors and:

(i) in respect of the Transferor, includes any Transferor’s Solicitor detailed in item 2.2, and any Transferor’s Broker specified in item 2.3, of the Transaction Details;

(ii) in respect of the Commonwealth, includes any Commonwealth’s Solicitors specified in item 2.4 of the Transaction Details;

(ii) ROL Holder means the holder of a resource operations licence granted under Division 3 of Part 4 of Chapter 2 of the Water Act 2000 (Qld);

(jj) Agreed Volume means that part of the Transferor’s Water Rights entitling the holder to the maximum volume of water each year, or the number of units or shares, specified in item 1.3 of the Transaction Details;

(kk) Transferor’s Confidential Information means the confidential information specified in item 3.6 of the Transaction Details;

(ll) Transferor’s Water Rights means:

(i) subject to clause 1.1(ll)(ii), the Water Rights with the water right reference specified in item 1.1 of the Transaction Details and expressed as entitling the holder to the maximum volume of water each year, or the number of units or shares, specified in item 1.2 of the Transaction Details; or

(ii) if there has been a Division or Subdivision of the Water Rights specified in clause 1.1(ll)(i), the Water Rights resulting from that Division or Subdivision (as the case may be);

(mm) Settlement means completion of the transfer of the Agreed Volume in accordance with clause 10;

(nn) Settlement Adjustment Sheet means a document setting out amounts payable by the Commonwealth and the Transferor on the basis of clause 8;

(oo) Settlement Date means the:

(i) the date specified in the Settlement Notice; or

(ii) any other date agreed by the Commonwealth and the Transferor;

(pp) Settlement Notice means the notice given by the Commonwealth to the Transferor in accordance with clause 10.1;

(qq) Stamp Duty means duty imposed under the Duties Act 1997 (NSW), the Duties Act 2000 (Vic), the Duties Act 2001 (Qld), the Stamp Duties Act 1923 (SA) or any other similar legislation of a State or Territory of Australia;

(rr) State Authority means, where the Water Authority is an Irrigation Infrastructure Operator, the water authority against which that Irrigation Infrastructure Operator holds the corresponding Water Access Entitlements;

(ss) Subdivision means a subdivision of “water allocation” as defined in the Water Act 2000 (Qld) in accordance with clause 3;


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(tt) Supplemented means, in relation to “water allocation” as defined in the Water Act 2000 (Qld), a water supply which is made more reliable by releases of stored water, for example from dams;

(uu) Trade Limitation means any limit on the Transfer of Water Rights imposed by the Applicable Rules;

(vv) Transaction Details means the details of the transaction contemplated by this Deed as specified under the heading “Transaction Details” on the first pages of this Deed;

(ww) Transfer means the transfer of the Agreed Volume to the Commonwealth by one of the following methods determined by the Commonwealth:

(i) the transfer of Water Access Entitlements from the Transferor to the Commonwealth;

(ii) the transfer of Irrigation Rights from the Transferor to the Commonwealth; or

(iii) the Transformation of Irrigation Rights held by the Transferor into Water Access Entitlements held by the Commonwealth;

(xx) Transfer Documents means all documents, in registrable form, necessary to register the Transfer of the Agreed Volume from the Transferor to the Commonwealth including:


(A) if the Water Authority is NOW, a notification and, unless otherwise agreed by the Commonwealth and the Transferor, any certificate evidencing the Transferor’s Water Rights; or

(B) if the Water Authority is an Irrigation Infrastructure Operator, all documents required by the Water Authority, including, if required, any certificate evidencing the Transferor’s Water Rights;

(ii) if the Relevant State is Victoria, a “Transfer of Water Share”;

(iii) if the Relevant State is Queensland:

(A) a “Form 1 – Transfer”;

(B) a “Form 24 – Property Information (Transfer)”; and

(C) if the Transferor’s Water Rights are Unsupplemented, the dealing certificate issued by DNRM,

in each case, properly executed and capable (upon payment of the prescribed registration fee) of registration at the office or registry responsible for the registration of that document without further notation or amendment;

(yy) Transformation has the meaning given to that term in the Water Market Rules 2009 (Cth);

(zz) Trust means any trust named in item 2.1(a) of the Transaction Details;

(aaa) Unsupplemented means, in relation to “water allocation” as defined in the Water Act 2000 (Qld), a water supply which is not boosted by releases of stored water;

(bbb) Warranties means the warranties set out in items 1.5, 2 and 3 of Schedule 1 and:

(i) either:

(A) if the Transferor is a body corporate, item 1.1 of Schedule 1; or

(B) if the Transferor is a natural person, item 1.2 of Schedule 1; and

(ii) either:

(A) if there is a Trust, item 1.3 of Schedule 1; or


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(B) if there is not a Trust, item 1.4 of Schedule 1;

(ccc) Water Access Entitlement has the meaning given to that term in the Water Act 2007 (Cth);

(ddd) Water Allocation means a volume of water allocated to a Water Right;

(eee) Water Authority means the water authority specified in item 1.4 of the Transaction Details;

(fff) Water Right means:


(A) if the Water Authority is NOW, a “water access licence” as defined under the Water Management Act 2000 (NSW); or

(B) if the Water Authority is an Irrigation Infrastructure Operator, an Irrigation Right held against that Water Authority;

(ii) if the Relevant State is Victoria, a “water share” as defined under the Water Act 1989 (Vic); or

(iii) if the Relevant State is Queensland, a “water allocation” as defined under the Water Act 2000 (Qld);

(iv) if the Relevant State is South Australia:

(A) if the Water Authority is DEWNR, a “water licence” under the Natural Resources Management Act 2004 (SA); or

(B) if the Water Authority is an Irrigation Infrastructure Operator, an Irrigation Right held against that Water Authority; and

(ggg) Water Year means any period of one year commencing on 1 July and ending on 30 June.

1.2 Interpretation

(a) Reference to:

(i) the singular includes the plural and the plural includes the singular;

(ii) a person includes an individual, a firm, a body corporate, an unincorporated association or an authority;

(iii) a person includes their legal personal representatives (including executors), administrators, successors, substitutes (including by way of permitted novation) and permitted assigns;

(iv) a thing includes the whole and each part of it separately;

(v) a statute, regulation, code or other law or a provision of any of them includes:

(A) any amendment or replacement of it; and

(B) another regulation or other statutory instrument made under it, or made under it as amended or replaced;

(vi) a form, certificate, notice, consent or other document created by a Government Agency, State Authority or Water Authority includes that document as amended, supplemented, varied or replaced (except to the extent that it is inconsistent this Deed);

(vii) money (including “$”, “AUD” or “dollars”) is to Australian currency unless otherwise stated;

(viii) costs includes charges, expenses and legal costs;

(ix) any contract (including this Deed) or other instrument includes any variation or replacement of it;


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(x) a group of persons is a reference to any two or more of them taken together and to each of them individually;

(xi) a body which has been reconstituted or merged must be taken to be the body as reconstituted or merged;

(xii) a body which has ceased to exist and the functions of which have been substantially taken over by another body must be taken to be that other body;

(xiii) time is to Canberra time; and

(xiv) a day or a month means a calendar day or calendar month.

(b) The meaning of any general language is not restricted by any accompanying example, and the words “includes”, “including”, “such as”, “for example” or similar words are not words of limitation.

(c) Where a word or expression is given a particular meaning, other parts of speech and grammatical forms of that word or expression have a corresponding meaning.

(d) Headings and any table of contents or index are for convenience only and do not form part of this Deed or affect its interpretation.

(e) A provision of this Deed must not be construed to the disadvantage of a party merely because that party was responsible for the preparation of the Deed or the inclusion of the provision in the Deed.

(f) If an act must be done on a specified day which is not a Business Day, it must be done instead on the next Business Day.

(g) Unless the context requires otherwise, where a period of time is to be calculated by reference to a day, act or event, that period of time is to be calculated exclusive of that day or the day of that act or event but inclusive of the day on which that period of time starts or ends (as the case may be).

1.3 Parties

(a) If a party consists of more than one person, this Deed binds each of them separately and any two or more of them jointly.

(b) An obligation, representation or warranty on the part of or in favour of more than one person is for the benefit of each of them separately and all of them jointly.

(c) A party which is a trustee is bound both personally and in its capacity as a trustee.

2. Transfer

2.1 Agreed Volume

The Transferor agrees to transfer to the Commonwealth, and the Commonwealth agrees to accept from the Transferor, the Agreed Volume, free from all Encumbrances and otherwise on the terms of this Deed.

2.2 Consideration

The consideration for the Agreed Volume is the amount payable by the Commonwealth in accordance with clause 10.4.

3. Subdivision

3.1 Queensland water allocation only

This clause 3 applies only if the Transferor’s Water Rights are “water allocation” as defined in the Water Act 2000 (Qld) and the Transferor has not agreed to transfer all of the Transferor’s Water Rights to the Commonwealth. If this clause 3.1 applies, the


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Transferor must effect a Subdivision of the Transferor’s Water Rights in accordance with this clause 3.

3.2 Application for subdivision

Within five Business Days after the Deed Date, the Transferor must lodge all documents, including a “Form ROP07 - Application to subdivide water allocation” in relation to the Transferor’s Water Rights, necessary for DNRM to issue a dealing certificate in relation to the Subdivision of the Transferor’s Water Rights, such that one part following the Subdivision will be the Agreed Volume.

3.3 Application for ROP13 in respect of supplemented water rights

If the Transferor’s Water Rights are Supplemented, the Transferor must lodge promptly all documents, including, if required by the Water Authority, a copy of the dealing certificate referred to in clause 3.2, necessary for the Water Authority to issue a “ROP13 – Notice of existence of water supply contract” in respect of the Transferor in relation to the Agreed Volume.

3.4 Registration of subdivision

The Transferor must lodge promptly with the Registrar all documents necessary to register the Subdivision, including:

(a) a duly executed “Form 14 – General request”;

(b) the dealing certificate referred to in clause 3.2;

(c) if clause 3.3 applies, the “ROP13 – Notice of existence of water supply contract” issued by the Water Authority; and

(d) a duly executed “Form 18 – General consent” from each person holding an Encumbrance in respect of the Transferor’s Water Rights,

and pay all applicable fees.

3.5 Notification to Commonwealth

The Transferor must promptly provide to the Commonwealth a copy of the registration confirmation statement from the Registrar in respect of the Subdivision under this clause 3.

3.6 Evidence for Water Authority

If the Water Authority requires evidence that the Subdivision under this clause 3 has been registered, for example, a copy of the registration confirmation statement from the Registrar, before it will process an Application, then the Transferor must provide that evidence to the Water Authority promptly.

4. Application

4.1 Determination of application form

The Commonwealth must determine the Application Form to be used.

4.2 Execution of application form

The Transferor must execute the Application Form or, if necessary, must procure that the Water Authority executes the Application Form.

4.3 Lodgement generally by the Commonwealth

Subject to clause 4.4:

(a) the Transferor must deliver to the Commonwealth a duly executed Application (apart from any necessary documents in the custody or control of the Commonwealth):


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(i) if clause 3 applies, no later than five Business Days after the Subdivision is registered;

(ii) if clause 5.1 or clause 5.2 applies, no later than 15 Business Days before the commencement of the next Water Year; or

(iii) otherwise, on the Deed Date; and

(b) subject to the Transferor complying with clause 4.3(a), the Commonwealth must lodge the Application with the Water Authority or State Authority, as the case requires.

4.4 Lodgement by the Transferor in particular cases

Despite clause 4.3, the Commonwealth may direct the Transferor to lodge the duly executed Application (apart from any necessary documents in the custody or control of the Commonwealth) with the Water Authority in which case:

(a) the Transferor must do so within five Business Days after the direction is given to the Transferor or by any other date agreed by the Commonwealth and the Transferor; and

(b) the Commonwealth must lodge with the Water Authority all documents required by the Water Authority which are in the custody or control of the Commonwealth.

4.5 Application fees

The Commonwealth must pay any fees in relation to the lodgement of the Application as required by the Water Authority, State Authority or ROL Holder, as applicable.

4.6 Removal of encumbrances over South Australian water rights

Without limiting clause 19.1, if the Relevant State is South Australia, the Transferor must procure that any person holding an Encumbrance in respect of the Agreed Volume do (at the Transferor’s cost) all things (including executing deeds, documents and instruments) including all things required by the Water Authority to remove the Encumbrance before the Application is determined.

5. Trade limitations

5.1 Application unlikely to be approved

If the Commonwealth determines that an Application is unlikely to be Approved by the Water Authority or State Authority, as the case requires, before the Condition Date because of a Trade Limitation, the Commonwealth may, by giving notice to the Transferor, determine that an Application not be lodged until the next Water Year. The notice must be given before the Application is lodged.

5.2 Application rejected

If the Application is rejected by the Water Authority or State Authority because of a Trade Limitation, another Application must be lodged.

5.3 Extension and termination

If clause 5.1 or clause 5.2 applies, then:

(a) the Condition Date is extended to 30 September in the next Water Year; unless

(b) either party terminates this Deed by giving notice to the other party at least 15 Business Days before the commencement of the next Water Year.

5.4 Rights on termination

If this Deed is terminated under clause 5.3 then, in addition to any other rights, powers or remedies provided by law or in equity:


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(a) subject to clause 5.4(b), each party is released from its obligations and liabilities under or in connection with this Deed and this Deed will have no further effect, other than under this clause 5.4 and clauses, 1, 14, 16, 17 and 19.8; and

(b) each party retains the rights, remedies and powers it has in connection with any past breach or any claim that has arisen before termination.

6. Condition

6.1 Condition

The obligations of the parties at Settlement are subject to the Condition being satisfied by the Condition Date.

6.2 Obligation to satisfy condition

The Transferor must use reasonable commercial endeavours to ensure that the Condition is satisfied as soon as possible but, in any event, before the Condition Date.

6.3 Further obligation to co-operate

Without limiting the generality of clause 6.2:

(a) the Transferor must make all necessary and appropriate applications and supply all necessary and appropriate information for the purpose of enabling the Condition to be satisfied;

(b) the Transferor must not withdraw or procure the withdrawal of any application made or information supplied under clause 6.3(a);

(c) the Transferor must not take any action, or fail to take any action, that would, or would be likely to, prevent or hinder the satisfaction of the Condition; and

(d) the Transferor must:

(i) supply to the Commonwealth copies of all applications made and all information supplied for the purpose of enabling the Condition to be satisfied; and

(ii) keep the other party informed in a timely manner of the status of any discussions or negotiations with relevant third parties regarding the Condition.

6.4 Obligation to notify

If a party becomes aware:

(a) that the Condition has been satisfied; or

(b) of any facts, circumstances or matters that may result in the Condition not being or becoming incapable of being satisfied;

that party must promptly notify the other party accordingly.

6.5 Failure to satisfy condition

If the Condition is not satisfied to the reasonable satisfaction of the Commonwealth by the Condition Date, the Commonwealth may terminate this Deed at any time by notice to the Transferor.

6.6 Rights on termination

If this Deed is terminated under clause 6.5 then, in addition to any other rights, powers or remedies provided by law or in equity:

(a) subject to clause 6.6(b), each party is released from its obligations and liabilities under or in connection with this Deed and this Deed will have no further effect, other than under this clause 6.6 and clauses, 1, 14, 16, 17 and 19.8; and


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(b) each party retains the rights, remedies and powers it has in connection with any past breach or any claim that has arisen before termination.

7. Period before Settlement

From the Deed Date until Settlement, the Transferor:

(a) must not dispose of, or agree to dispose of, any of the Agreed Volume;

(b) must not create an Encumbrance in respect of the Agreed Volume;

(c) must promptly provide the Commonwealth with a copy of any documentation received in respect of the Agreed Volume from:

(i) the Water Authority;

(ii) any Government Agency; and

(iii) any person holding an Encumbrance in respect of the Agreed Volume;

(d) must promptly provide to the Commonwealth all information that the Commonwealth (acting reasonably) requests with respect to the Transferor’s Water Rights; and

(e) authorises the Commonwealth to inspect the Water Authority’s records in relation to the Transferor’s Water Rights, and, if the Commonwealth requests, must promptly execute and deliver to the Commonwealth any document to give effect to the authorisation given under this clause 7(e).

8. Outgoings, fees and charges

8.1 Outgoings

(a) The Transferor must pay all outgoings in relation to the Agreed Volume in respect of the period up to and including the Settlement Date, including all fees and charges in relation to the delivery and usage of water, including spillable water.

(b) The Commonwealth must pay all outgoings in relation to the Agreed Volume in respect of the period after the Settlement Date.

8.2 Other fees and charges

(a) The Transferor must pay all fees and charges in relation to the removal of Encumbrances with respect to the Agreed Volume.

(b) Subject to clause 8.2(a), the Commonwealth must pay all fees and charges:

(i) payable to the Water Authority for processing the Application; and

(ii) payable to the Registrar for registering the Transfer.

9. Settlement adjustment sheet

(a) Before Settlement, the Commonwealth must deliver a Settlement Adjustment Sheet to the Transferor.

(b) The Settlement Adjustment Sheet must be prepared:

(i) on the basis of clause 8;

(ii) with respect to outgoings, fees or charges that have been paid, on the basis of the amount paid; and

(iii) with respect to outgoings, fees or charges that have not been paid, disregarding any discount for early payment.


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(c) The adjustment or payment, under clause 10.4, of any amount in accordance with the Settlement Adjustment Sheet does not limit the rights or obligations of the parties under clause 8.

(d) If a party must, under the Applicable Rules, pay any amount for which the other party is responsible under clause 8, the party must pay the amount and the other party must reimburse them within 15 Business Days after receiving satisfactory evidence in respect of the payment.

10. Settlement

10.1 Notice of Settlement date

The Commonwealth must give notice of the Settlement Date to the Transferor within ten Business Days after the Condition is satisfied.

10.2 Time and place

Settlement must occur at the Place for Settlement on the Settlement Date at:

(a) a time between 9 am and 5 pm notified by the Commonwealth to the Transferor; or

(b) any other time agreed by the Commonwealth and the Transferor.

10.3 Transferor’s obligations

(a) Subject to clause 10.3(b), at or before Settlement, the Transferor must deliver to the Commonwealth:

(i) all Transfer Documents; and

(ii) all Releases.

(b) If the Relevant State is South Australia and the Application has been Approved by the State Authority, the Transferor is not required to deliver Transfer Documents or Releases under clause 10.3(a).

(c) If the Transferor does not comply with clause 10.3(a) , the Commonwealth may terminate this Deed immediately by giving notice to the Transferor.

10.4 Payment obligations

(a) The parties acknowledge that:

(i) the Agreed Value has been paid prior to Settlement; or

(ii) the Agreed Value will be paid,

to the Infrastructure Program Delivery Partner as provided for under the Funding Agreement.

(b) At Settlement:

(i) if the amount payable by the Commonwealth (excluding the Agreed Value) as shown in the Settlement Adjustment Sheet, exceeds the amount payable by the Transferor as shown in the Settlement Adjustment Sheet, the Commonwealth must pay the excess to the Transferor (or as the Transferor has directed); and

(ii) if the amount payable by the Transferor as shown in the Settlement Adjustment Sheet, exceeds the amount payable by the Commonwealth (excluding the Agreed Value) as shown in the Settlement Adjustment Sheet, the Transferor must pay the excess to the Commonwealth (or as the Commonwealth has directed).


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10.5 Interdependent obligations

The requirements of clauses 10.3 and 10.4(b) are interdependent and are to be carried out contemporaneously and, as nearly as may be possible, simultaneously. No delivery, payment or other event referred to in clauses 10.3 and 10.4(b) may be treated as having been made or occurred until all deliveries and payments have been made and all other events have occurred.

10.6 Risk

Until Settlement, the Agreed Volume is at the risk of the Transferor. After Settlement, it is at the risk of the Commonwealth.

10.7 After Settlement

If an obligation of any party required to be performed at Settlement is not performed at Settlement, and regardless of whether it is waived as a condition or requirement of Settlement, the relevant party remains obliged to perform that obligation, except to the extent that performance of that obligation is also waived.

11. Water allocation

11.1 General

If Water Allocation is allocated or determined in respect of the Agreed Volume in the period after Settlement and before the Transfer is registered by the Registrar, the Transferor must, if requested by the Commonwealth within 60 Business Days after the date of registration, promptly transfer that Water Allocation to the Commonwealth at no charge. The Commonwealth must pay the Water Authority’s fee for processing the transfer.

11.2 South Australia

If Water Allocation is allocated or determined in respect of the Agreed Volume in the period after the Transfer is registered by the Registrar and before Settlement, the Commonwealth must, if requested by the Transferor within 60 Business Days after Settlement, promptly transfer that Water Allocation to the Transferor at no charge. The Transferor must pay the Water Authority’s fee for processing the transfer.

12. Payments

All payments in connection with this Deed must be made:

(a) by unendorsed bank cheque drawn by an Australian bank;

(b) by way of direct transfer of immediately available funds; or

(c) in such other form of funds as may be agreed between the Commonwealth and the Transferor.

13. Warranties

13.1 Transferor warranties

The Transferor warrants to the Commonwealth that each Warranty is true and accurate on the Deed Date and will remain true and accurate until Settlement and on Settlement.

13.2 Separate warranties

Each Warranty is a separate warranty in no way limited by any other Warranty.


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13.3 Disclosure obligation

The Transferor must disclose to the Commonwealth anything which is or will constitute a breach of a Warranty or cause a Warranty to be untrue or inaccurate, as soon as possible after the Transferor becomes aware of it. This obligation applies from the Deed Date until and at Settlement.

13.4 Right of termination

The Commonwealth may terminate this Deed by giving notice to the Transferor at any time before Settlement if:

(a) it becomes aware (after the Deed Date) of a breach of a Warranty; and

(b) the Commonwealth notifies the breach to the Transferor and the Transferor is unable to remedy it within five Business Days after receiving the notice or before the Settlement Date, whichever is earlier.

If this Deed is terminated under this clause 13.4 then, in addition to any other rights, powers or remedies provided by law or in equity:

(c) subject to clause 13.4(d), each party is released from its obligations and liabilities under or in connection with this Deed and this Deed will have no further force or effect, other than under this clause 13.4 and clauses 1, 14, 16, 17 and 19.8; and

(d) each party retains the rights, remedies and powers it has in connection with any past breach or any claim that has arisen before termination.

14. Confidentiality

14.1 Prohibition on disclosure

(a) Subject to clause 14.2, the Transferor must not, without the prior written consent of the Commonwealth, disclose any of the Commonwealth’s Confidential Information to a third party.

(b) Subject to clause 14.2, the Commonwealth must not, without the prior written consent of the Transferor, disclose any of the Transferor’s Confidential Information to a third party.

14.2 Exceptions to obligations

The obligations on each party under clause 14.1 will not be taken to have been breached to the extent that confidential information of the other party is:

(a) disclosed by a party if this Deed expressly authorises or requires the disclosure;

(b) disclosed by a party to the Water Authority, the Registrar, or a person whose consent is needed, in connection with this Deed;

(c) disclosed by a party to its Representatives solely in order to comply with obligations, or to exercise rights, under this Deed or to obtain advice in relation to this Deed (including its administration and enforcement);

(d) disclosed to a party's internal management personnel, solely to enable effective management or auditing of activities related to this Deed;

(e) disclosed by the Commonwealth to the Auditor-General, Information Commissioner, Privacy Commissioner and Freedom of Information Commissioner, or his or her delegate, for the purpose of performing the Auditor-General’s, Information Commissioner’s, Privacy Commissioner’s or Freedom of Information Commissioner’s statutory functions or powers;

(f) disclosed by the Commonwealth to the responsible Minister;


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(g) disclosed by the Commonwealth, in response to a request by a House or a Committee of the Parliament of the Commonwealth of Australia;

(h) disclosed by the Commonwealth on the Department of the Environment’s web site in response to the Senate Order on Departmental and Agency Contracts (for example, disclosure in contract listings, grants listings or file lists);

(i) disclosed by the Commonwealth within the Department of the Environment, or to another Government Agency, where this serves the Commonwealth's legitimate interests;

(j) authorised or required to be disclosed by any applicable statute, regulation, by-law, ordinance or subordinate legislation in force from time to time in Australia, whether made by a State, Territory, the Commonwealth, or a local government, including:

(i) disclosure on the AusTender web site to the extent authorised or required by the Financial Management and Accountability Act 1997 (Cth) and the Commonwealth Procurement Rules (for example, reporting that the Commonwealth has entered into this Deed, including disclosure of the Transferor’s name, locality and ABN and the Deed Date and Agreed Value);

(ii) where an application is made under the Freedom of Information Act 1982 (Cth);

(iii) where the Commonwealth has been served with a valid search warrant; and

(iv) where the Commonwealth has a duty to disclose the transfer of funds under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth);

(k) disclosed by a party in connection with legal or other proceedings relating to this Deed; or

(l) in the public domain otherwise than due to a breach of this Deed.

14.3 Obligation on disclosure

Where a party discloses Confidential Information of the other party to another person:

(a) pursuant to clause 14.2(c) or (d), the disclosing party must:

(i) notify the receiving person that the information is confidential information; and

(ii) not provide the information unless the receiving person agrees to keep the information confidential, including in the case of the Commonwealth’s Confidential Information, the receiving person giving the Commonwealth a legally binding undertaking to that effect in the form approved by the Commonwealth; or

(b) pursuant to clause 14.2(f) or (g), the disclosing party must notify the receiving party that the information is confidential information of the other party.

14.4 Period of confidentiality

The obligations under this clause 14 continue, despite the expiry or termination of this Deed, for the period specified in item 3.7 of the Transaction Details.

15. Privacy

15.1 Collection of personal information

The Transferor acknowledges that:

(a) the Commonwealth collects Personal Information in respect of the Transferor in connection with this Deed including Personal Information:


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(i) in the Program Application Form, Application, Transfer Documents and any associated response to a request for information, application or registration form submitted by the Transferor;

(ii) contained in public registers and registers maintained by the Water Authority relevant to the subject matter of this Deed; and

(iii) in the Transaction Details and otherwise in this Deed; and

(b) such Personal Information will be used for the following purposes:

(i) evaluating performance of the activities described in the Program Application Form;

(ii) preparing, managing, evaluating, auditing, and reporting on this Deed and the transactions contemplated by this Deed, and

(iii) conducting the transactions contemplated by, and otherwise complying with obligations and exercising rights under, this Deed, and related activities.

15.2 Authorisation for collection

The collection of Personal Information as described in clause 15.1 is not expressly authorised or required by law.

15.3 Disclosure of personal information

Personal information in respect of the Transferor collected by the Commonwealth in connection with this Deed may be disclosed by the Commonwealth:

(a) to the Commonwealth’s Representatives in order to prepare this Deed and undertake due diligence investigations in respect of this Deed or any infrastructure program associated with it; and

(b) as described in each of clauses 14.2(a) to (k).

16. Books and records

16.1 Transferor to keep books and records

The Transferor must retain and require its Representatives to retain all books and records relating this Deed.

16.2 Survival

The obligations under this clause 16 apply during the term of this Deed and continue for seven years from the expiry or termination of this Deed.

17. Audit and access

17.1 Right to conduct audits

(a) The Commonwealth or a Representative may conduct audits relevant to the

performance of the Transferor’s obligations under this Deed.

(b) The Commonwealth may, at reasonable times and on giving reasonable notice to

the Transferor:

(i) require the Transferor or its Representatives to provide documentation, books,

records and information that are directly related to this Deed; and

(ii) have access to the premises of the Transferor to the extent necessary for the

Commonwealth to exercise its rights under clause 17.1(a).


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(c) The Transferor must provide the Commonwealth with any reasonable assistance

requested by the Commonwealth in relation to:

(i) its exercise of its rights under this clause 17; and

(ii) any inquiry into or concerning this Deed including any administrative or

statutory review, audit or inquiry, any request for information directed to the

Commonwealth, and any inquiry conducted by Parliament or any

parliamentary committee.

17.2 Auditor-General, Information Commissioner, Privacy Commissioner or Freedom of Information Commissioner

(a) The rights of the Commonwealth under clause 17.1 apply equally to the Auditor-General, Information Commissioner, Privacy Commissioner and Freedom of Information Commissioner, or his or her delegate, for the purpose of performing the Auditor-General's, Information Commissioner's, Privacy Commissioner's or Freedom of Information Commissioner's statutory functions or powers.

(b) The Transferor must do all things necessary to comply with the Auditor-General's, Information Commissioner's, Privacy Commissioner's or Freedom of Information Commissioner's, or his or her delegate's requirements notified under clause 17.1, provided that such requirements are legally enforceable and within the power of the Auditor-General, Information Commissioner, Privacy Commissioner or Freedom of Information Commissioner, or his or her respective delegate.

17.3 Survival

The obligations under this clause 17 apply during the term of this Deed and continue for seven years from the expiry or termination of this Deed.

18. Goods and services tax

18.1 Interpretation

In this clause 18:

(a) words or expressions used in this clause which have a particular meaning in the GST law (as defined in the GST Act, and also including any applicable legislative determinations and Australian Taxation Office public rulings) have the same meaning, unless the context otherwise requires;

(b) any reference to GST payable by a party includes any corresponding GST payable by the representative member of any GST group of which that party is a member;

(c) any reference to an input tax credit entitlement by a party includes any corresponding input tax credit entitlement by the representative member of any GST group of which that party is a member; and

(d) if the GST law treats part of a supply as a separate supply for the purpose of determining whether GST is payable on that part of the supply or for the purpose of determining the tax period to which that part of the supply is attributable, such part of the supply is to be treated as a separate supply.

18.2 Payment of GST

(a) Unless GST is expressly included, the consideration to be paid or provided under any other clause of this Deed for any supply made under or in connection with this Deed does not include GST.

(b) The parties believe that no GST is payable in respect of any supply pursuant to clause 2. If, for any reason, that supply is not GST-free but is a taxable supply and, to the extent that any other supply made under or in connection with this Deed is a


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taxable supply, the GST-exclusive consideration to be paid or provided for that taxable supply is increased by the amount of any GST payable in respect of that taxable supply and that amount must be paid at the same time and in the same manner as the GST-exclusive consideration is to be paid or provided.

(c) A party’s right to payment under clause 18.2(b) is subject to a valid tax invoice being delivered to the party who is the recipient of the taxable supply.

(d) To the extent that a party is required to reimburse or indemnify another party for a loss, cost or expense incurred by that other party, that loss, cost or expense does not include any amount in respect of GST for which that other party is entitled to claim an input tax credit.

19. General

19.1 Further assurances

(a) Each party must promptly at its own cost do all things (including executing and if necessary delivering all documents) necessary or desirable to give full effect to this Deed.

(b) Without limiting clause 19.1(a), the Transferor must do (at the Transferor’s cost) all things (such as executing, and procuring third parties to execute, deeds, documents and instruments, including, if the Relevant State is New South Wales, a dealing form W-01T under section 71M of the Water Management Act 2000 (NSW)) reasonably required by the Commonwealth for the Transfer or for the transfer of Water Allocation to the Commonwealth under clause 11.1.

(c) The Transferor irrevocably authorises the Commonwealth (and its agents) to alter:

(i) the Application;

(ii) the Transfer Documents; and

(iii) the Releases,

by inserting such details as are omitted in respect of the Transferor’s Water Entitlements and by rectifying any errors in, or omissions from, the document as may be necessary to make it an effective document.

19.2 Entire understanding

(a) This Deed:

(i) is the entire agreement and understanding between the parties on everything connected with the subject matter of this Deed; and

(ii) supersedes any prior agreement or understanding on anything connected with that subject matter.

(b) Accordingly, any thing (such as correspondence, negotiations or representations before this document is executed or an arrangement or understanding) not reflected in this Deed does not bind the parties and may not be relied on by them.

(c) Each party has entered into this Deed without relying on any representation (whether or not negligently) by any other party or any person purporting to represent that other party.

19.3 Variation

An amendment or variation to this Deed is not effective unless it is in writing and signed by the parties.


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19.4 Waiver

(a) A party’s failure or delay to exercise a power or right does not operate as a waiver of that power or right.

(b) The exercise of a power or right does not preclude either its exercise in the future or the exercise of any other power or right.

(c) A waiver is not effective unless it is in writing.

(d) Waiver of a power or right is effective only in respect of the specific instance to which it relates and for the specific purpose for which it is given.

19.5 Rights, powers and remedies

(a) The rights, powers and remedies of any party under this Deed are additional to other rights, powers and remedies independently given by law.

(b) In exercising or enforcing, or deciding not to exercise or enforce, a right, power or remedy, a party is not required to take into account any adverse effect on another party.

(c) Each party agrees to comply with the conditions of any approval, consent or waiver given by another party.

19.6 Continuing obligations

The rights and obligations of the parties do not merge on the completion of any transaction contemplated by this Deed. They also survive the execution and delivery of any conveyance, assignment, transfer or other document entered into for the purpose of implementing any transaction contemplated by this Deed.

19.7 Costs and outlays

(a) Each party must pay its own costs and outlays connected with the negotiation, preparation and execution of this Deed.

(b) The Commonwealth must pay when due all Stamp Duty and all associated fines, penalties and interest payable as a result of the signing or execution of this Deed and on all Transfer Documents specifically identified in clauses 1.1(xx)(i),(ii) and (iii).

(c) The Transferor must pay when due all Stamp Duty and all associated fines penalties and interest payable in connection with:

(i) this Deed or any transaction contemplated by this Deed, other than the amounts to which clause 19.7(b) refers;

(ii) any Transfer Document not specifically identified in clauses 1.1(xx)(i),(ii) or (iii) (such as, if the Relevant State is New South Wales, a dealing form W-01T under section 71M of the Water Management Act 2000 (NSW));

(iii) any Release or any Encumbrance to which a Release relates; or

(iv) any other document or instrument executed under or in connection with this Deed or any transaction contemplated by this Deed.

(d) Subject to this clause 19.7, any action to be taken by a party in performing its obligations under this Deed must be taken at its own cost and expense unless otherwise provided in this Deed.

19.8 Notices

(a) A Notice has no legal effect unless it is in writing.

(b) In addition to any other method of service provided by law, the Notice may be:

(i) sent by prepaid post to the address for service of the addressee;

(ii) sent by facsimile to the facsimile number of the addressee; or


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(iii) sent by e-mail to the e-mail address of the addressee.

(c) If the Notice is sent or delivered in a manner provided by clause 19.8(b), it must be treated as given to and received by the party to which it is addressed:

(i) if sent by post, on the second Business Day (at the address to which it is posted) after posting; or

(ii) if sent by facsimile or e-mail before 5 pm on a Business Day at the place of receipt, on the day it is sent and otherwise on the next Business Day at the place of receipt.

(d) A Notice sent or delivered in a manner provided by clause 19.8(b) must be treated as validly given to and received by the party to which it is addressed even if:

(i) the addressee has been liquidated or deregistered or is absent from the place at which the Notice is delivered or to which it is sent;

(ii) the Notice is returned unclaimed; or

(iii) in the case of a Notice sent by e-mail, the e-mail message is not delivered or opened (unless the sender’s computer reports that it has not been delivered).

(e) The Transferor’s addresses for service, facsimile numbers and e-mail addresses are those specified in items 2.1, 2.2 and 2.3 of the Transaction Details. A Notice must be treated as given to the Transferor if it is sent to any of those addresses for service, facsimile numbers or e-mail addresses.

(f) The Commonwealth’s address for service, facsimile number and e-mail address are those specified in item 2.4 of the Transaction Details.

(g) A party may change its address for service, facsimile number or e-mail address by giving Notice of that change to the other party.

(h) If the party to which a Notice is intended to be given consists of more than one person then the Notice must be treated as given to that party if given to any of those persons.

(i) Any Notice by a party may be given, and may be signed, by its solicitor or broker.

19.9 No assignment

(a) The Transferor may not assign or deal with or purport to assign or deal with its rights under this Deed, or create or allow to exist any third party interest over them, without the prior written consent of the Commonwealth. The Commonwealth is not required to give consent or justify the withholding of consent.

(b) Any act or omission in contravention of clause 19.9(a) is ineffective.

19.10 Governing law and jurisdiction

(a) The law of the Relevant State governs this Deed.

(b) The parties submit to the non-exclusive jurisdiction of the courts of the Australian Capital Territory and of the Commonwealth of Australia.

19.11 Execution by attorney

Where this Deed is executed by an attorney, that attorney, by executing, declares that it has no notice of revocation, termination or suspension of the power of attorney under which it executes this Deed.

19.12 Counterparts

(a) This Deed may be executed in any number of counterparts. Each counterpart is an original but the counterparts together are one and the same agreement.

(b) This Deed is binding on the parties on the exchange of counterparts. A copy of a counterpart sent by facsimile machine or e-mail:


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(i) must be treated as an original counterpart;

(ii) is sufficient evidence of the execution of the original; and

(iii) may be produced in evidence for all purposes in place of the original.


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Schedule 1 – Warranties

1. The Transferor

1.1 If the Transferor is a body corporate

(a) The Transferor is duly incorporated and validly exists under the law of its place of incorporation.

(b) The Transferor has full corporate power and authority to enter into this Deed and perform its obligations under this Deed, to carry out the transactions contemplated by this Deed, and to own the Transferor’s Water Rights.

(c) The entry into and performance of this Deed has been properly authorised by all necessary corporate action of the Transferor.

(d) The entry into and performance of this Deed and each transaction contemplated by this Deed does not and will not (with or without the giving of notice or the lapse of time or both) contravene or conflict with or result in a breach of or default under:

(i) a law or treaty or a judgment, ruling, order or decree of a Government Agency binding on the Transferor;

(ii) any Authorisation;

(iii) the Transferor’s constitution or other constituent documents; or

(iv) any other contract or commitment which is binding on the Transferor.

(e) The Transferor:

(i) is not wound up, no resolution for its winding up has been passed and no meeting of members or creditors has been convened for that purpose;

(ii) is not the subject of a winding up application which has been made to a court, and no event has occurred which would entitle any person to apply to a court to wind up the Transferor;

(iii) has not proposed or taken any steps to implement a scheme of arrangement or other compromise or arrangement with any of its creditors;

(iv) is not the recipient of a demand under section 459E of the Corporations Act 2001 (Cth) or any corresponding or analogous provision governing the Transferor in a jurisdiction outside Australia;

(v) is not in receivership and none of its assets are in the possession of or under the control of a mortgagee or chargee;

(vi) is not subject to administration under Part 5.3A of the Corporations Act 2001 (Cth) or any corresponding or analogous provision governing the Transferor in a jurisdiction outside Australia; or

(vii) is not insolvent (as defined in section 95A of the Corporations Act 2001 (Cth)).

(f) The Transferor has not received from the Australian Securities and Investment Commission or any corresponding or analogous Government Agency in a jurisdiction outside Australia any notice warning of possible cancellation of registration of the Transferor.

1.2 If the Transferor is a natural person

(a) The Transferor:

(i) is not bankrupt, of unsound mind or incapable of managing his or her own affairs;


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(ii) has full legal capacity and power to enter into this Deed and perform his or her obligations under this Deed, to carry out the transactions contemplated by this Deed, and to own his or her property and assets and carry on his or her business; and

(iii) is able to pay his or her debts as and when they fall due.

(b) No application has been made for the bankruptcy of the Transferor and the Transferor has not filed for bankruptcy.

(c) No receiver, receiver and manager, trustee for creditors or trustee in bankruptcy or analogous person has been appointed to any property or assets of the Transferor and no creditor of the Transferor has taken possession of any property or assets of the Transferor.

(d) No voluntary arrangement has been proposed or reached with a creditor of the Transferor.

1.3 If the Transferor is a trustee

(a) The Transferor is the only trustee of the Trust.

(b) The Transferor has not been removed from, or ceased to act, or resigned or retired from the office of trustee of the Trust, nor has any decision or action been taken or proposed in respect of the removal, resignation or retirement of the Transferor as trustee of the Trust, or to appoint an additional trustee of the Trust.

(c) The Transferor is not in default under the Trust deed.

(d) The Transferor has power under the Trust deed to enter into and observe the Trustee’s obligations under this Deed;

(e) The Transferor has entered in this Deed in the Trustee’s capacity as trustee of the Trust and for the benefit of the beneficiaries of the Trust.

(f) The Transferor has a right, and will at all times have a right, to be fully indemnified out of the assets of the Trust in respect of the obligations incurred by the Transferor under this Deed.

(g) The assets of the Trust are sufficient to satisfy that right of indemnity and all other obligations in respect of which the Transferor has a right to be indemnified out of the Trust fund.

1.4 If the Transferor is not a trustee

The Transferor is not entering into this Deed as trustee of any trust or settlement.

1.5 General

(a) No legal proceedings, arbitration, mediation or other dispute resolution process is taking place, pending or threatened, the outcome of which is likely to have a material and adverse affect on the ability of the Transferor to perform its obligations under this Deed.

(b) If an Australian Business Number has not been quoted to the Commonwealth by the Transferor, the Transferor does not need to do so pursuant to one of the exemptions in the Income Tax Administration Act 1953 (Cth).

2. Information

2.1 True and accurate information

All information in this Deed is true and accurate and is not misleading or deceptive.


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2.2 Complete disclosure

The Transferor has disclosed to the Commonwealth all the information it possesses concerning the Agreed Volume which the Commonwealth would reasonably require to make an informed assessment in relation to the Agreed Volume.

3. Transferor’s water rights

3.1 Title

The Transferor:

(a) is the sole legal and (unless there is a Trust) beneficial owner of the Agreed Volume; and

(b) has good and marketable title to the Agreed Volume.

3.2 Other contracts

The Transferor has not entered into any contract or commitment to dispose of the Agreed Volume.

3.3 Notice from a government agency

The Transferor has not received a notice from a Government Agency which might interfere with the rights of the Transferor to own the Agreed Volume and there are no facts or circumstances that may give rise to any such notice being received by the Transferor.


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Execution page Executed as a deed SIGNED SEALED AND DELIVERED for and on behalf of the Commonwealth of Australia as represented by the Department of the Environment by a duly authorised representative

Name of authorised representative (print)

Name of witness (print)

Signature of authorised representative

Signature of witness

Date

Date

Note to drafter: Select and complete the appropriate execution block for the entity with which the Commonwealth is contracting from the list below and delete the rest.

[For an individual] SIGNED SEALED AND DELIVERED by [insert name of individual]

in the presence of

Signature Signature of witness

Date


Date [For a company with two directors or a director and a secretary] SIGNED SEALED AND DELIVERED by [insert name of company and ABN] in accordance with section 127(1) of the Corporations Act 2001 (Cth) by

Name of Director (print)

Name of Director / Company Secretary (print)

Signature of Director

Signature of Director / Company Secretary

Date

Date


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[For a company with a sole director / company secretary] SIGNED SEALED AND DELIVERED by [insert name of company and ABN] in accordance with section 127(1) of the Corporations Act 2001 (Cth) by

Name of Sole Director / Company Secretary (print)

Signature of Sole Director / Company Secretary

Date

[For a company with a sole director and no company secretary] SIGNED SEALED AND DELIVERED for and on behalf of [insert name of company and ABN] by its authorised representative in the presence of

Name of Sole Director (print)


Signature of Sole Director


Date

Date [For a partnership or an association] SIGNED SEALED AND DELIVERED for and on behalf of [insert name of partnership / association and ABN] by a duly authorised representative who warrants that they have the authority to sign this deed on behalf of [insert name of partnership / association]

in the presence of:

Name of authorised representative (print) Name of witness (print)



Date

Date


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[For an attorney] SIGNED SEALED AND DELIVERED for and on behalf of [insert name of party] by [his/her/its] attorney [insert name of attorney] under power of attorney dated [insert date]

in the presence of:

Name of authorised representative (print) Name of witness (print)



Date

Date

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